Core Viewpoint - The company, Lianya Group, has announced a strategic review of its franchise brand portfolio and business objectives, particularly regarding the Reebok franchise in Greater China, leading to an early termination of the franchise agreement with Authentic Brands Group, resulting in a non-cash gain of approximately HKD 120 million to 130 million for the fiscal year ending December 31, 2025 [1][2]. Group 1 - The franchise agreement for distributing Reebok products in Greater China will be terminated early, effective December 31, 2025 [1]. - The company expects to recognize a non-cash gain of between HKD 120 million and 130 million due to the termination of the Reebok franchise agreement [1]. - The termination will relieve the company from future minimum franchise fee obligations associated with the Reebok brand [1]. Group 2 - Despite the termination of the Reebok franchise agreement, the company will continue to operate its multi-brand distribution business and further enhance its robust apparel business [2].
联亚集团(00458)与Authentic Brands Group提前终止中国地区Reebok品牌产品特许经营权协议